Joe Is Considering Setting Up a Business Selling Free-Range Chickens

question 28

Multiple Choice

Joe is considering setting up a business selling free-range chickens. He estimates that his establishment costs will be $600,000 and his net cash flows for the first five years will be $100,000 in year 1, $200,000 in year 2 and stabilising at $250,000 in year 3. The payback period for the investment is:

• A) 3.2 years.
• B) 3 years.
• C) 3.8 years.
• D) 5 years.

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